MANILA (AFX-ASIA) – President Gloria Arroyo said she has ordered government agencies to prepare for possible legal action and renegotiation of as many as 27 contracts with independent power producers as part of efforts to cut electricity rates. This follows a study of 35 contracts with independent power producers by a special task force looking…
PHILIPPINES: President Arroyo orders renegotiation of power contracts
Posted on July 12, 2002 by EnergyAsia